VivaTech has announced the fourth edition of the AfricaTech Awards.
This pan-African initiative recognises and supports startups striving to make a positive impact in three important areas – GreenTech, HealthTech, and E-commerce/FinTech.
“Startups provide vital solutions to major global challenges and help foster sustainable development,” VivaTech said. VivaTechDespite increasing interest from investors, startups across the African continent often struggle to raise the capital necessary to scale their business.”
Through the AfricaTech Awards, VivaTech aims to create new opportunities for emerging startups in Africa. The programme provides privileged moments for networking and mentoring with the leaders in tech, major investors, policymakers, and institutions, promoting the brightest African innovators shaping the future.
Selection criteria
Innovation:
Relevance and innovation level of the tech solution compared to existing alternatives (size, problem solved, technology used, protection of the innovation, etc.).
Impact:
Innovative product/solution addressing an important global challenge with a high social, economic, environmental, and gender impact.
Scalability:
Market sizing and scalability potential of the startup, track record of scaling (target addressable market, geographic ambition on the continent, clients targeted, etc.).
Team Profile:
Quality and size of the team (expertise, entrepreneurship background, academic background, number of employees, etc.)
Business Model:
Proven ability to monetise the business model and achieve sustainable operations with demonstrated traction and product-market fit (maturity of the startup, commercial traction, number of clients, annual global turnover growth, etc.).
Eligibility criteria
Startups operating and headquartered in Africa:
● Having a solution or product addressing the African market
● Have raised more than $150,000
● Must address one of the following themes: GreenTech, E-commerce, FinTech or Health Tech
Apply here before March 2, 2025.
Timeline
January 16: Launch of the challenge
March 2: End of applications
April 14: Official announcement of the top 45
April 28: Official announcement of the top 9
June 11-14: Final on stage & Awards ceremony
View the original call here.